Ipswich Education Foundation INC: FY2024 Nonprofit Profile & Form 990 (EIN 04-3290520)

Donation to the Ipswich Public School System for the support of the athletic department, fine arts department, and the buildings and grounds of the school.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 04-3290520) · Dispute this line

$52Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Institution for Savings in Newbrypt & Its Vcnty Chrtble Foundation INCFY2025$11K

Total grants receivedfrom 1 funder$11K

Grants paid · 5 grants · $212K · 2022–2025

Ipswich Public SchoolsFY2025$45,416

Ipswich Public SchoolsFY2024$47,081

Ipswich Public SchoolFY2023$62,809

Ipswich Public SchoolFY2022$47,524

Change Is Simple IncorporatedMA · FY2022$9,046

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$54K

Ln 12

Gifts and grantsLn 1h$46K

Investment incomeLn 3$8K

Money outPt IX

$65K

Ln 25

Programscol B$52K

Managementcol C$11K

Fundraisingcol D$2K

Owns and owesPt X

$379K

net assets · Ln 32

Cash and savingsLn 1–2$289K

Total assetsLn 16$380K

LiabilitiesLn 26$648

PeoplePt VI, VII

12

listed · VII A

PaidVII A0

Voting boardVI 1a13

IndependentVI 1b13

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$46K

Fundraising eventsLn 1c$5K

Investment incomeLn 3$8K

Total revenueLn 12$54K

Assets in detailPt X, end of year

CashLn 1$289K

Cash and savings togetherLn 1–2$289K

InvestmentsLn 11–13$91K

Total assetsLn 16$380K

LiabilitiesLn 26$648

Net assetsLn 32$379K

OperationsPt I, VI

EmployeesI 50

VolunteersI 620

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3More from this return

EndowmentSch D · Pt V

Line	FY24	FY23	FY22	FY21	FY20
End of yearLn 1g	$52K	$52K	$53K	$73K	$76K
SpentLn 1d–1f		$6K	$10K

4Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$337K	$289K
InvestmentsLn 11–13	$52K	$91K
Total assetsLn 16	$390K	$380K
LiabilitiesLn 26	$3K	$648
Net assetsLn 32	$386K	$379K

5Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$47K	$47K
Accounting feesLn 11c	$8K	$0	$8K	$0
Professional fundraising feesLn 11e	$2K			$2K
Advertising and promotionLn 12	$2K	$0	$2K	$0
Office expensesLn 13	$542	$0	$542	$0
Other expenses (24a–d)Ln 24	$6K	$5K	$900	$0
Total functional expensesLn 25	$65K	$52K	$11K	$2K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Mar 8, 2026	$77K	$74K	$4K	$390K	990 PDF
FY2024 ViewingFiled with the IRS Mar 11, 2025	$54K	$65K	−$12K	$379K	990 PDF
FY2023Filed with the IRS May 6, 2024	$132K	$85K	$47K	$386K	990 PDF
FY2022Filed with the IRS Apr 14, 2023	$115K	$154K	−$40K	$333K	990 PDF
FY2021Filed with the IRS Jun 29, 2022	$73K	$54K	$19K	$383K	990 PDF
FY2020Filed with the IRS Jun 8, 2021	$20K	$66K	−$45K	$362K	990 PDF

Schedules filed Part IV

A · Public support D · Assets and endowments I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $53,949 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $131,505$45,682

I-9 Program service revenue$0

I-10 Investment incomePrior year $708$8,267

I-11 Other revenue$0

I-12 Total revenuePrior year $132,213$53,949

I-13 Grants and similar amounts paidPrior year $66,301$47,156

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$2,357

I-17 Other expensesPrior year $18,805$15,983

I-18 Total expensesPrior year $85,106$65,496

I-19 Revenue less expensesPrior year $47,107−$11,547

Part VI · Governance 13 of 13 board members independent, 1 to look at

VI-1a Voting members of the governing body13

VI-1b Independent voting members13

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $53,949 across 5 lines filed

VIII-1c Fundraising events$5,182

VIII-1f All other contributions, gifts and grants$40,500

VIII-1h Total contributions, gifts and grants$45,682

VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $8,267$8,267

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $8,267$53,949

Part IX · Statement of functional expenses $65,496 across 6 lines filed

IX-1 Grants to domestic organizationsPrograms $47,156$47,156

IX-11c Accounting feesPrograms $0 · Management $7,635 · Fundraising $0$7,635

IX-11e Professional fundraising feesFundraising $2,357$2,357

IX-12 Advertising and promotionPrograms $0 · Management $2,296 · Fundraising $0$2,296

IX-13 Office expensesPrograms $0 · Management $542 · Fundraising $0$542

IX-24 Other expenses (24a–d)Programs $4,610 · Management $900 · Fundraising $0$5,510

IX-25 Total functional expensesPrograms $51,766 · Management $11,373 · Fundraising $2,357$65,496

Part X · Balance sheet $379,556 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $337,054$289,044

X-11 Publicly traded securitiesStart of year $52,478$90,512

X-16 Total assetsStart of year $389,532$379,556

X-17 Accounts payable and accrued expensesStart of year $3,138$648

X-26 Total liabilitiesStart of year $3,138$648

X-27 Net assets without donor restrictionsStart of year $42,729$39,385

X-28 Net assets with donor restrictionsStart of year $343,665$339,523

X-32 Total net assets or fund balancesStart of year $386,394$378,908

X-33 Total liabilities and net assetsStart of year $389,532$379,556

Part XI · Reconciliation of net assets $378,908 net assets at year end

XI-1 Total revenue$53,949

XI-2 Total expenses$65,496

XI-3 Revenue less expenses−$11,547

XI-4 Net assets at start of year$386,394

XI-5 Net unrealized gains (losses) on investments$4,061

XI-10 Net assets at end of year$378,908

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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Ipswich Education Foundation INC FY2024 filing

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Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Ipswich Education Foundation INC